St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-23
A RTIcLEs INCORPORATION OF THI

A RTICLES OF INCORPORATION OF THE
IA ST. Paul Belt Railroad Company.-We,
the undersigned, do hereby associate our
selves together for the purpose of forming,
creating and organizing a corporation pursu-
antlof the provisions of chapter "a, OF the
General Statutes Of the State of Minnesota,
and The several acts amendatory thereof, and
do hereby adopt and sign the following
articles of incorporation:
First-The name of said corporation is and
shall be the ''St. Paul Belt Railroad Com
pany''
The general nature of the business of said
corporation shall be to construct, maintain
and operate the railroads hereinafter men
TONED Tor public use i'll the conveyance or
persons and property, to-wit:
line of railway of standard gauge with
one or more tracks extending from Il con-
yenient point of junction with the tracks Of
the st. Paul Union Depot company at or near
the center OF Third street, IN the city OF st.
Paul, according to the recorded plat thereof;
thence upon the most feasible route, in
general northerly and northwesterly diree-
o 70 point Of junction With Mdl;e the
Atlantic railway, hereafter to be located,
within the town of White Bear, so-called,
together with one branch from such line ex-
tending in an easterly direction to point of
junction with the so-called Minnesota, st.
Croix d. Wisconsin railroad in the town of
New Canada, and another branch extending
from such line III general westerly direc-
ton from some convenient point thereupon,
ton with the tracks and property of the
Minnesota Transfer Railway company, SO
called. said main line and branches being
severally and respectively within the county
OF Ramsey and State of Minnesota.
Also line of railway of standard
gauge with one or more tracks
extending from some convenient point
upon the Minnesota G. Northwestern
railroad, SO called, hereafter to be located,
within the county of Ramsey or the county
of Dakota in said State of Minnesota, thence
upon the most feasible route in general
westerly and northwesterly direction, to Il
point of junction with the tracks of the Chi
cago, Milwaukee d st. Paul Railway COM
pany and the Minneapolis q st. Louis Rail
way company and the Minneapolis d Pacific
Railway company and the Minneapolis
Eastern Railway company, at or near the
| city of Minneapolis, SO called, within the
county Of Hennepin and State of Minnesota.
mess of sad corporation shall be and is here
tiba established and located at the city. of
| Stint PaHlin the State of Minnesota.
| Second-The time of commencement of
! said corporation shall be and is the date of
| the completed filing, recording and publica-
ton of these articles, and said corporation
| shall continue for a period of fifty years
| from and after said time.
Thlrd-The amount of capital stock OF said
| corporation is one million five hundred
| thousand (S1,500, 0O0) dollars. and the
| same shall be paid in when, and as, and in
such manner as the board of directors may
|
| sions of law in that behalf.
Fourth-The highest amount of indebted
ness or liability to which said corporation
shall at any time be subject is five million
| $4,000. 000) dollars.
| Fifth-The names and places of residence
| of the persons forming this association for
incorporation are as follows: Edmund Rice,
| DR., residing at St. Paul. Minnesota; William
G. Castor, residing at st. Paul, Minnesota;
| William Dawson, Jr., residing at ST. Paul,
| Minnesota; John II. Morrison, residing at
| st. Paul, Minnesota; Edwin A. Jaggard, re-
| siding at St Paul, Minnesota.
| SiXth-The names of the first board OF
| directors are as follows: Edmund Rice, Jr,
| William g. CASTOR, William Dawson, DR.,
| John II. Morrison and Edwin A Jaggard.
| The government of the corporation and the
management of its affairs shall be vested in
a board OF directors, five 90 in number, who
shall be chosen by the stockholders at the
annual meeting of the corporation held
| upon such day in each year as shall from
time to time be designated by the bylaws Of
the corporation. Only stockholders shall be
eligible to be directors.
The board of directors SHALL at their first
| meeting elect president, vice president sec
rotary and treasurer, who shall severally and
| respectively perform such duties as are
usually performed by like officers of similar
corporations, as well as special duties from
time to time assigned to them by the board
of directors.
The board of directors shall have all the
power and authority in and about the man.
agement OF the affairs OF the corporation now
vested or hereafter to be vested in similar
| bodies by the laws of Minnesota now in force
or hereafter to be established, each director
| shall hold his office until his successor is
| elected and qualified. All officers of the
corporation shall be stockholders.
Seyenth-The number of shares of the
capital stock of the St. Paul Belt Railroad
company is fifteen thousand Q5.600l and
! each share is and shall be of the par value OF
one hundred (S100) dollars.
In witness whereof, the persons forming
this association for incorporation of the st.
Paul Belt Railroad company have hereunto,
each for himself, set their hands and seals
this thirteenth Q3th) day of June in the
year of our Lord one thousand eight hundred
and eighty seven.
| EDMUND RICE, Jr. (Seal.1
| WILLIAM G.. CASTOR, --r .lSeaL |
WILLIAM DAWSON. Jr., fSeal1
JOHN II. MORRISON, fSeal |
EDWIN a. JAGGARD. TSeal !
| Signed and sealed in the presence of:
| ROBERT G. MACKAY.
ERNEST PETERSON.